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Shopify Payouts vs Sales: Why Your Bank Balance Doesn’t Match Your Dashboard

Shopify Payouts vs Sales: Why Your Bank Balance Doesn’t Match Your Dashboard

Ever looked at your Shopify sales and thought, "Wait, where’s all that money?" You're not alone. Here’s what’s really happening 👇 🛒 Shopify Sales ≠ What Hits Your Bank Your sales Read more

Shopify store owners: Do you track your ad spend ROI weekly, monthly… or not at all?

Shopify store owners: Do you track your ad spend ROI weekly, monthly… or not at all?

I speak with a lot of eCommerce founders, and one of the most common blind spots I see is not knowing how much their ads are actually making them. Read more

As a sole trader what records do I need to keep?

As a sole trader what records do I need to keep?

If you are self-employed, then you must keep adequate records of your business income and expenses in order to prepare an accurate self assessment tax return. This page explains what business records Read more

Can I pay my tax bill monthly?

Can I pay my tax bill monthly?

If you pay tax under self-assessment, it can sometimes be difficult to ensure you have enough money to pay HMRC when the payment deadline arrives. It can be a good idea to put money aside regularly Read more

How does tax work if you’re self -employed & have a job as well?

How does tax work if you’re self -employed & have a job as well?

Tax when you’re both employed and self-employed can be a bit confusing. As we all know, employees are paid through the PAYE system, where their tax is calculated and paid automatically. If you Read more

How do pensions work for sole traders?

How do pensions work for sole traders?

If you’re self-employed as a sole trader or a partnership, you don’t have to pay into a pension scheme. However, it’s important to consider whether you should start paying into a pension Read more

Sole trader: Can I claim for pre-trading expenses?

Sole trader: Can I claim for pre-trading expenses?

It’s quite likely that as a new business owner, you’ll need to buy things prior to trading such as: · Stock · Maybe a website · Advertising · Hardware/ Read more

What is a 'simplified' sales invoice?

What is a 'simplified' sales invoice?

If your customer requests an invoice, you can only issue a simplified invoice if the total value (including VAT) is £250 or less. However, if the total amount is more than £250, you’re required Read more

What details do I need to put on my sales invoices?

What details do I need to put on my sales invoices?

You might see quite a few different sales invoices; some might have a date on, others don't; some have VAT on but no VAT number on them. It’s not surprising that people get confused, so what shou Read more